VANCOUVER, July 26, 2016 /PRNewswire/ -Nevsun Resources Ltd.(NSU) (NYSE MKT:NSU) (the "Company" or "Nevsun") announces that its 60%-owned subsidiary Bisha Mining Share Company ("BMSC") will be increasing its total land package of exploration licenses to 814 square kilometers, up...
The mine was originally developed by Canadian gold miner Nevsun Resources. The mining licences were held by the company’s Eritrean subsidiary, Bisha Mining Share Company (BMSC). The State of Eritrea had a 10% free carried stake in the project. Another 30% stake was held by the state-owned...
Nevsun Resources announced in mid-December that its Eritrean venture company, Bisha Share Mining Co., concluded a mining agreement with the government of Eritrea which reportedly covers the customary provisions governing future development and operation of the Bisha gold-copper-zinc project. Nevsun ...
Each is hoping to follow in the Canadian company's footsteps and discover their own major copper-and gold-rich deposit in the country's vast untapped natural resources. The exploration companies include Beijing Donia Resources Co and Eritrea-China Exploration & Mining Share Co (ECEM) from China,...